Seidelin Mikkel 4

What Happened

• Mikkel Seidelin, Chief Commercial Officer of Teekay Tankers (TNK), had restricted stock units (RSUs) vest and related Dividend Equivalent Rights (DERs) settled into shares on June 2, 2026. The Form 4 shows multiple derivative conversions and an award: the report lists 5,631.307 shares acquired (including 638.132 DERs) and 2,349 shares withheld to satisfy tax withholding obligations. These transactions were internal settlements (reported at $0 or N/A), not open-market purchases or sales.

Key Details

• Transaction date: June 2, 2026; Form 4 filed June 3, 2026 (timely filing).
• Reported acquisitions: 5,631.307 shares (includes 638.132 shares from accrued DERs).
• Tax withholding: 2,349 shares were withheld to cover tax obligations (code F; not a market sale).
• Several exercise/conversion entries (code M) and award entries (code A) are reported at $0.00 or N/A — these reflect conversion/settlement of RSUs and DERs, not cash trades.
• Shares owned after the transactions are not provided in the supplied data.
• Footnotes explain DER calculation and that RSUs convert one-for-one into Class A common shares; DERs are economic equivalents of shares and were settled in shares upon vesting.

Context

• This is a routine equity compensation event: RSU vesting and settlement of dividend-equivalent rights. The $0 prices and multiple conversion lines indicate internal settlement and withholding rather than market activity; such events typically do not signal a buy/sell opinion by the insider.